2025年退休人员养老金调整：上调2% 日本政府养老投资基金增持美债至十年高点

Equity Market - On July 10, the market experienced a slight increase with the Shanghai Composite Index returning above 3500 points, closing up 0.48% [2] - The total trading volume in the Shanghai and Shenzhen markets reached 1.49 trillion yuan, a decrease of 11 billion yuan compared to the previous trading day [2] - Over 2900 stocks rose in the market, with sectors like silicon energy, real estate, rare earth permanent magnets, and diversified finance leading the gains, while sectors such as PCB, consumer electronics, gaming, and military industry saw declines [2] Domestic Developments - As of the end of May, the balance of inclusive agricultural loans in Jiangsu province reached 1.26 trillion yuan, with loans in key grain sectors amounting to 454.3 billion yuan [6] - The major agricultural banks have issued over 55 billion yuan in loans related to the "Three Summer" period, and the coverage rate for comprehensive cost insurance for the three major grain crops exceeds 90% [6] - From January to June, the customs at Nanjing Lukou Airport processed 542 tax refund applications for departing travelers, with a total refund amount of 2.9236 million yuan, marking increases of 124.9% and 165.47% year-on-year, respectively [6] Pension and Social Security - The Ministry of Human Resources and Social Security and the Ministry of Finance announced an adjustment to the basic pension for retirees, effective January 1, 2025, with an overall adjustment level of 2% based on the average monthly pension of retirees by the end of 2024 [7] - The adjustment considers various factors including price changes and wage growth [7] Automotive Industry - From July 1 to 6, the retail sales of new energy passenger vehicles in China reached 135,000 units, a year-on-year increase of 21%, but a month-on-month decrease of 11% [7] - The retail penetration rate for the new energy market reached 56.7%, with cumulative retail sales for the year amounting to 6.583 million units, a year-on-year increase of 37% [7] Global Investment Trends - Japan's Government Pension Investment Fund (GPIF) increased its investment in U.S. Treasury bonds to the highest level in a decade, holding 51.8% of its foreign bonds in U.S. Treasuries as of March [8] - Tether Holdings SA confirmed it holds approximately 80 tons of gold, valued at around 8 billion USD, making it one of the largest holders of gold globally, comparable to UBS Group [8] - Nvidia is planning to significantly expand its operations in Israel to meet the growing demand for artificial intelligence data centers [8]